Petrol Group Explained

Petrol Group
Type:public company
Traded As:LJSE

PETG

Area Served:Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Serbia
Industry:Oil and gas industry
Products:petrol products
Services:service stations
Revenue: EUR 3.1 billion (2020)
Operating Income: EUR 91.6 million (2020)
Net Income: EUR 72.3 million (2020)
Assets: EUR 1.79 billion (2020)
Equity: EUR 826.7 million (2020)
Num Employees:5,275 (2020)
Foundation:April 1947
Location City:Ljubljana
Location Country:Slovenia

Petrol Group is a Slovenian oil distributing company, which is one of the largest in Slovenia and the former Yugoslavia and controls 500 petrol stations, of which there are:

History

The company was established in April 1947 as Jugopetrol, in the city of Ljubljana, and renamed Petrol in 1953.

In 1974, trading in natural gas began. In 1996, the company was transformed into a joint-stock company under the name Petrol, Slovenska naftna družba, d.d. Ljubljana, and a year later the shares were listed on the Ljubljana Stock Exchange. In 1996, internationalization also began with the establishment of a subsidiary in Croatia, where the first service stations were built in 1999. The first stations in Bosnia and Herzegovina followed a year later, and in Serbia in 2003.[2]

In 2010, the Petrol Group acquired Croatian gas company Jadranplin, which focuses on gas storage and selling of liquefied petroleum gas.[3] [4]

Notes and References

  1. https://seonet.ljse.si/esef/46360/#BA8_CXLMJR7V2800000000000000000000 Report 2020
  2. Web site: 2010-12-06 . petrol.si » About us » Company history » 1945-1952 . https://web.archive.org/web/20101206222615/http://www.petrol.eu/en/index.php?sv_path=201,302 . 2010-12-06 . 2022-11-02 .
  3. News: Petrol to Expand in Croatia to Gain From EU Entrance . Bloomberg . Bloomberg Businessweek . Boris . Cerni . 2010-06-17 . 2010-06-20.
  4. News: Slovenian Petrol to invest 75 million Euros by 2014 . Croatian Times . 2010-06-20 . 2010-06-20.